Current Affairs - Economy - Discussion

Discussion :: Economy - Latest Current Affairs (Q.No.11)

India's Current Account Deficit (CAD) is expected to remain at how much percent of GDP?

[A].

2.3 %

[B].

2.4 %

[C].

2.5 %

[D].

2.6 %

Answer: Option A

Explanation:

According to Investment Information and Credit Rating Agency (IICRA), despite recent slowdown in Merchandise exports and imports, India's Current Account Deficit (CAD) is expected to remain steady at a range of 16-17 billion dollars or 2.3 % of GDP (Gross Domestic Product) in the first quarter.